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  • CBOE to pass regulatory duties to FINRA Monday, 22 Dec 2014 | 1:12 PM ET

    CHICAGO, Dec 22- CBOE Holdings Inc, operator of the biggest U.S. stock options market, will cede regulatory duties to the securities industry's largest independent regulator next week, the company said on Monday. CBOE's Chicago Board Options Exchange and C2 Options Exchange hired the Financial Industry Regulatory Authority, or FINRA, to perform "the majority of...

  • Dec 22- Carlyle Group LP and Warburg Pincus LLC said they would buy DBRS Ltd, the world's fourth-largest credit rating agency, in partnership with a consortium of Canadian investors including the firm's founder. DBRS has a 2 percent share of the ratings market dominated by McGraw Hill Financial Inc- owned Standard& Poor's Financial Services LLC, Moody's Corp and...

  • Moody's: Casinos good for NY communities Friday, 19 Dec 2014 | 1:41 PM ET

    ALBANY, N.Y.— A leading rating agency says new casinos coming to upstate New York will benefit their local communities— even though the overall outlook for the gambling industry remains negative. Moody's Investors Service says Friday that this week's decision to award casino licenses to projects in Sullivan, Seneca and Schenectady counties is a "credit...

  • CME Group imposes rare halt on wheat futures trading Thursday, 18 Dec 2014 | 4:25 PM ET

    CHICAGO, Dec 18- CME Group Inc briefly halted electronic trading in U.S. wheat futures overnight on Thursday after prices sank 1.6 percent in one second as concerns about Russian export curbs roiled the market. CME Group stopped trading in the most-active Chicago Board of Trade March wheat contract at 3:49: 37 a.m. CST, company spokesman Chris Grams said.

  • ICE proposes dropping fee for trading stocks-WSJ Wednesday, 17 Dec 2014 | 4:21 PM ET

    Dec 17- Intercontinental Exchange Inc is proposing a trade-off between exchanges and brokers that would include cutting fees for trading stocks, the Wall Street Journal reported, citing people familiar with the matter. The New York Stock Exchange would drop the fee for trading stocks at its exchanges to 5 cents per 100 shares from 30 cents, the Journal said,...

  • ABU DHABI, Dec 15- A loan of up to $800 million to help Abu Dhabi- based entrepreneur B.R. Shetty acquire a majority stake in foreign exchange operator Travelex has been completed, two sources aware of the matter said on Monday. Three other banks-- Doha Bank, National Bank of Fujairah and Commercial Bank International-- joined the loan, the first source said.

  • Fitch cuts France to 'AA' Friday, 12 Dec 2014 | 4:39 PM ET

    Dec 12- Fitch ratings has cut its ratings on France to' AA', after having put the country on' Ratings Watch Negative' in October, saying the country's revised deficit-reduction target was not enough to hold the previous rating of' AA+'. The rating agency had said in October "it would likely downgrade the ratings by one notch in the absence of a material improvement in the...

  • Dec 12- Hearst Corp said it will raise its stake in global credit rating agency Fitch Group to 80 percent from 50 percent in a deal valued at about $2 billion as the media giant diversifies away from its newspaper foundations. Paris- based Fimalac, which is selling the stake to Hearst, will retain a 20 percent interest in Fitch, the third-biggest rating agency behind...

  • Dec 12- U.S. media company Hearst Corp said it will raise its stake in global credit rating agency Fitch Group to 80 percent from 50 percent in a deal valued at about $2 billion. Paris- based Fimalac, which is selling the stake to Hearst, will retain a 20 percent interest in Fitch, Hearst said. Hearst Corp publishes newspapers such as the San Francisco Chronicle and...

  • Dec 10- Intercontinental Exchange Inc has no immediate plans to sell the New York Stock Exchange, which it expects to become more profitable as a result of extensive ongoing restructuring, ICE Chief Executive Officer Jeffrey Sprecher said on Wednesday. The NYSE, which exchange and clearing house operator ICE bought for $11 billion in November 2013 in order to...

  • SINGAPORE, Dec 3- Singapore Exchange Ltd came under fire on Wednesday after stock trading was interrupted for a second time in a month, piling pressure on a bourse and CEO grappling with low trading volume and struggling to attract large listings. "I cannot speak for myself, but on the ground I assess that most remisiers want him to leave," said Jimmy Ho, President of...

  • NEW YORK, Dec 2- Citigroup Inc is shutting down its alternative stock trading venue LavaFlow, the bank said on Tuesday, at a time when regulatory scrutiny has increased around broker-run trading platforms, forcing banks to rethink the costs. "Following a recent review of the LavaFlow ECN, we have decided that our capital, resources and efforts would be better...

  • *Britain, Luxembourg, HK among new issuers this year. The United Kingdom, Hong Kong and Luxembourg- all ranked at least AA by rating agencies- issued sharia-compliant financial instruments, or sukuk, for the first time in 2014. They gave a huge boost to a market which was once just seen as a funding tool for borrowers from the Gulf and Muslim countries in southeast...

  • DUBLIN, Dec 1- Aircraft leasing company Avolon Holdings set out plans on Monday to list shares on the New York Stock Exchange and raise $286 million to $314 million for shareholders, the Dublin- based firm said on Monday. Avolon, backed by private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners, as well as Singapore's sovereign wealth...

  • LONDON, Dec 1- The yen fell to a seven-year low against the dollar in volatile trade on Monday after global rating agency Moody's cut Japan's sovereign rating. Moody's cut Japan's rating to A1 from AA3 and assigned a stable outlook to its debt. "Once the knee-jerk reaction is out of the way, the downgrade underlines Japan's fiscal problems and should offer...

  • The competition intensified as banks bet on robust demand for the currency for use in the Shanghai- Hong Kong stock connect scheme, a landmark link that gives foreign and Chinese retail investors unprecedented access to the two exchanges. "Some banks actively stored yuan funds in the past few months, but now they found demand for the currency was not as strong as...

  • Bitcoin exchange Kraken to help in Mt. Gox bankruptcy Wednesday, 26 Nov 2014 | 4:49 AM ET

    TOKYO, Nov 26- U.S. bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of dollars lost by Tokyo- based Mt. Gox's Tokyo- court appointed trustee Nobuaki Kobayashi with investigating where the missing bitcoins are, along with eventually redistributing any found to creditors as part of a liquidation.

  • NEW YORK, Nov 21- The trading executive at the center of Michael Lewis' book "Flash Boys" said U.S. regulators have made progress in protecting investors against abusive trading practices. Brad Katsuyama, chief executive of IEX Group, has spent years figuring out how high-speed traders collect a few cents on every trade in the U.S. stock market, and is building a...

  • Weak growth threatens euro zone sovereign ratings Friday, 14 Nov 2014 | 8:55 AM ET

    Two of the bloc's biggest economies, Italy and France, are at risk of further downgrades. All the "Big Three" rating agencies have a negative outlook on France and even Canada's DBRS, which remained more positive on euro zone states during the crisis, cut its French outlook last week. S&P, which reviews Italy next month, has it on negative outlook and a downgrade to junk...

  • SAO PAULO, Nov 14- Brazilian bourse operator BM&FBovespa SA vowed full transparency on Friday after trading in shares of Petróleo Brasileiro SA was delayed as the state-controlled oil producer put off the release of third-quarter results until next month. Officials at BM&FBovespa and Petrobras were in talks overnight to assess the impact of a decision by...